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The ironic Dogecoin cryptocurrency has taken a new level of seriousness today.
What happened: Dogecoin at time of publication was trading at 0.011 cents, according to TradingView. That’s over 125% increase for the day and a break beyond the psychologically significant one-cent mark.
Ride the crypto rocket: The rise is in line with the surge in the price of Bitcoin, which has now passed the $ 33,000 level, the latest in a series of recent highs.
Dogecoin has traditionally been viewed as a parody of the cryptocurrency world. But it is nonetheless a real cryptocurrency and therefore just as capable of generating returns as Bitcoin.
Dogecoin also recently received a boost after Tesla CEO Elon Musk mentioned it on Twitter, albeit in an unflattering light.
Altcoin may have also been boosted by a Tweeter from adult movie star Angela White, who said she has been an investor since 2014. The tweet came out Friday night just as the price spike began.
Photo by Dogeloverforever on Wikimedia.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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